The Deadweight Loss from a Tax Is Likely to Be

question 55

Multiple Choice

The deadweight loss from a tax is likely to be less with a good that has

• A) few complements.
• B) many substitutes.
• C) few substitutes.
• D) an elastic demand.
• E) an elastic supply.

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Definitions:

Organizational Units

Smaller, specialized sections within a larger organization, each with specific roles and responsibilities.

Cognitive Expectation

An individual's anticipation or belief about what may happen in the future, often based on past experiences or learning.

Tolman

Refers to Edward C. Tolman, a psychologist known for his contributions to cognitive learning theory, particularly the concept of latent learning.

Frustration Response

An emotional or behavioral response that occurs when an individual is blocked from reaching a desired goal or outcome.